Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source
solutions, today announced updates to its open hybrid cloud solutions
portfolio and strategy following the closing of its acquisition of
ManageIQ, a leading provider of enterprise cloud management and
automation solutions that enable organizations to easily deploy, manage
and optimize across private clouds, public clouds and virtualized
infrastructures. Red Hat both announced
that it had signed a definitive agreement to acquire ManageIQ and
completed the acquisition in late Dec. 2012.

“We’ve worked with ManageIQ as a partner to our Red Hat Enterprise
Virtualization platform with successful joint customers and saw an
opportunity to expand our hybrid cloud management capabilities with an
even closer relationship with ManageIQ’s compelling portfolio,” said
Bryan Che, general manager, Cloud Business Unit at Red Hat. “With the
closing of the acquisition, we now begin work to integrate ManageIQ’s
enterprise cloud management and automation technologies with our
complementary Red Hat CloudForms hybrid Infrastructure-as-a-Service
(IaaS) solution and our open Red Hat Enterprise Virtualization
management solution. With this combination, we can offer our customers
an unparalleled open hybrid cloud management portfolio.”

“As more and more production workloads are deployed across heterogeneous
virtual, private cloud and public cloud datacenters, IT buyers are
prioritizing investments in management solutions that can automate and
optimize end-to-end performance and capacity utilization across these
complex environments,” said Mary Johnston Turner, research vice
president, Enterprise Systems Management at IDC. “IDC expects spending
on cloud systems management software to exceed $3.6 billion by 2016
thanks to demand for these types of sophisticated tools.”

In addition to their technology and solutions portfolios being
complementary, Red Hat and ManageIQ also share many joint customers –
the majority of ManageIQ’s customers are also Red Hat customers.

According to Chris Russell, IT architect consultant for a leading global
provider of banking and payments technologies to thousands of financial
institutions that runs a multi-tenant virtual IT infrastructure in three
datacenters using ManageIQ technologies, “With ManageIQ EVM, we sought
to provide our account teams and their respective customers with
granular visibility into the fee-based virtual infrastructure services
being consumed by its customers, and also needed operational tools
capable of providing insight into resource utilization, trends and
available capacity across our multiple datacenters. Even before Red Hat
acquired ManageIQ, we were already starting to look closely at the cost
benefits of leveraging our Red Hat Enterprise Linux environment with Red
Hat Enterprise Virtualization, as well as considering OpenStack options
for open cloud implementations. Now with Red Hat and ManageIQ together,
we can continue to manage our current virtual estate while looking
forward to a compelling open hybrid cloud management portfolio that will
result from the combination of these powerful technologies.”

To learn more about Red Hat’s strategy around the acquisition of
ManageIQ and about Red Hat’s open hybrid cloud management solutions,
join Red Hat executives for a webcast press conference beginning at
11:00 a.m. ET on Jan. 22, 2013. The webcast will also be available for
replay. Register to join: https://vts.inxpo.com/Launch/QReg.htm?ShowKey=12479.

Red Hat is the world's leading provider of open source software
solutions, using a community-powered approach to reliable and
high-performing cloud, Linux, middleware, storage and virtualization
technologies. Red Hat also offers award-winning support, training, and
consulting services. As the connective hub in a global network of
enterprises, partners, and open source communities, Red Hat helps create
relevant, innovative technologies that liberate resources for growth and
prepare customers for the future of IT. Learn more at http://www.redhat.com.

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